Tutor, Inc. (TI) provides instructional services to its customers. TI charges $330 per student. The Company expects to serve 1,150 students during the coming year. All of the Company's expenses are fixed. Total annual fixed cost are projected to be $125,000. If the estimated number of students increase by 20%, net income will increase by: (Round your final answer to the nearest percent.)
Answers
Answer:
Net income will increase by 30%.
Explanation:
Projected total fixed cost = $125,000
Fee per student = $330
Percentage increase in the old number of students = 20%
Old number of students = 1,150
New number of students = Old number of students * (100% + Percentage increase in the old number of students) = 1,150 * (100% + 20%) = 1,380
Old revenue = Fee per student * Old number of students = $330 * 1,150 = $379,500
New revenue = Fee per student * New number of students = $330 * 1,380 = $455,400
Old net income = Old revenue - Projected total fixed cost = $379,500 - $125,000 = $254,500
New net income = New revenue - Projected total fixed cost = $455,400 - $125,000 = $330,400
Therefore, we have:
Percentage increase in net income = ((New net income – Old net income) / Old net income) * 100 = (($330,400 - $254,500) / $254,500) * 100 = 30%
Therefore, net income will increase by 30%.
Related Questions
By what nickname is the USDA commonly referred to?
The bureau of agriculture
The farmer’s agency
The people’s agency
The farmer bureau
Answers
“Two and a half years after he established the Department, in what would be his final annual message to Congress, Lincoln called USDA "The People's Department."
Question 3 of 10
What is an advertising campaign?
A. A method of finding customers according to particular
characteristics
B. A set of games customers receive for free when they buy certain
products
C. An electronic device that enables customers to interact with an
advertisement
D. A series of product-related activities designed to get the attention
of customers
Answers
An advertising campaign is a series of product-related activities designed to get the attention of customers. Option D
What is an advertising campaign?An advertising campaign is a series of product-related activities designed to get the attention of customers. It involves the creation and dissemination of advertising messages through various channels such as TV, radio, print, online and social media, with the goal of promoting a product, service or brand to a specific target audience.
The campaign typically has a specific objective and a set budget and may run for a defined period of time.
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Sam is working with his financial partner to figure out if and when the supply chain project investment will be positive. Which factor should they look for?
Answers
Sam and his financial partner should consider the net present value when making investment decisions in order to determine the profitability of the supplychain project investment.
Sam and his financial partner should look for the Net Present Value (NPV) factor when figuring out whether the supply chain project investment will be positive or not.What is Net Present Value (NPV)?Net Present Value (NPV) is a financial metric used to evaluate an investment's worth, taking into account the time value of money.
It's based on the idea that cash today is worth more than the same amount of cash in the future because it can be invested and earn a return. NPV is used to determine whether an investment is profitable or not, and it's a popular investment analysis tool.NPV is
calculated by determining the present value of the cash inflows and outflows associated with the investment, and then subtracting the initial investment outlay from the resulting figure. If the resulting number is positive, the investment is profitable; if it is negative, the investment is not profitable.
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ILL GIVE BRAINLIEST!! HELP ASAP!!
Type the correct answer in the box. Spell all words correctly.
Which source of funds refers to the money raised by corporations through stock markets?
_______ refers to the money raised by corporations through stock markets?
Answers
Answer:
Equity Capital or equity funding refers to the money raised by corporations through stock markets
Explanation:
Answer: Capital Market
Explanation: plato
Help!!
Use the graph below and estimate what was the death rate for Cardiovascular diseases in 1900.
Answers
Based on the given graph, it can be determined that the death rate for Cardiovascular diseases in 1900 is 280,000 to 620,000 (340,000 deaths)
What is a Graph?A diagram or pictorial representation that organizes the depiction of data or values is known as a graph. The relationships between two or more items are frequently represented by the points on a graph.
The given graph contains keys and legends and in the year 1900, we can see the death toll was between 280,000 to 620,000 for cardiovascular diseases,
The death rate, also known as mortality rate, is a measure of the number of deaths in a particular population during a specific period of time, usually expressed as a ratio or percentage.
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Identify the environmental factor that is a characteristic of an an attractive environment.
Answers
the answer was already on brainly btw!
There are five environmental factor for an attractive environment.
Few CompetitorsLow threatFew substitutesMany suppliersMany customers.Types of Environmental FactorsInternal environmental factors: In the internal business environment there are elements within an organization that influence the approach and success of commercial operations.External environmental factors: The external environment comprises a range of factors outside a commercial enterprise over which we do not have much control.For more information about environmental factors click on https://brainly.com/question/13310446
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North Company has completed all of its operating budgets. The sales budget for the year shows 50,820 units and total sales of $2,391,000. The total unit cost of making one unit of sales is $23. Selling and administrative expenses are expected to be $303,100. Interest is estimated to be $13,060. Income taxes are estimated to be $220,400.
Required:
Prepare a budgeted multiple-step income statement for the year ending December 31, 2017.
Answers
Answer: Sales 2,250,000
Explanation:
variable cost 1,250,000
25 x 50,000
Gross Profit 1,000,000
Fixed Cost
Selling & Administrative 300,000
Operating income 700,000
interest expense
10,000
non- controllable expenses 10,000
non-controllable income 690,000
income taxes 200,000
net income 490,000
Explanation:
the interest expense is not part of the operating cost, those cost are not part of the business activity. It is on the non-controllable expenses
Economies of Scale implies that :
A. as a firm produces hires more labors , holding capital fixed the marginal product of labor will decrease .
B. As a firm produces more in the long run , its Average cost will increase
C. a firm produces more in the long run , its Average cost will decrease
D. As firm produces more in the long run, its Average cost will not change
Answers
Answer:
a firm produce more at a lower average cost
Answer:
D. As firm produces more in the long run, it's average costs will not change
what are the best jobs in Apple?
Answers
Answer:
Senior director , software engineers, senior legal counsel, and more
Explain what should be your attitude after taking the test.
Answers
According to the chief executive officers of U.S. corporations, which of the following is a major challenge that managers must overcome to remain competitive?
a. Globalizing their firm's operations
b. Managing personal finances
c. Managing a uniform workforce
d. Anticipating changes in foreign currency valuations
Answers
According to the chief executive officers of U.S. corporations Globalizing their firm's operations is a major challenge that managers must overcome to remain competitive. Option A
A major challenge that managers must overcome to remain competitiveThe increasing globalization of business has made it necessary for companies to expand their operations into new markets and to compete with companies from all over the world.
To remain competitive, managers must develop strategies that allow their firms to adapt to global market conditions and to take advantage of opportunities that arise in different parts of the world. This includes developing international supply chains, managing cross-cultural teams, and navigating complex legal and regulatory environments in different countries.
Globalizing their firm's operations is a major challenge that managers must overcome to remain competitive according to the chief executive officers of U.S. corporations.
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Grand Garden is a luxury hotel with 165 suites. Its regular suite rate is $210 per night per suite. The hotel’s cost per night is $135 per suite and consists of the following.
Variable direct labor and materials cost $ 36
Fixed cost [($5,970,000/165 suites) ÷ 365 days] 99
Total cost per night per suite $ 135
The hotel manager received an offer to hold the local Bikers’ Club annual meeting at the hotel in March, which is the hotel’s low season with an occupancy rate of under 55%. The Bikers’ Club would reserve 45 suites for three nights if the hotel could offer a 55% discount, or a rate of $94 per night. The hotel manager is inclined to reject the offer because the cost per suite per night is $135.
Required:
Prepare an analysis of this offer for the hotel manager.
Answers
Answer:
rental price per night $210
variable direct labor and materials $36
fixed costs $5,970,000
assuming 100% occupancy rate during the whole year, fixed cost per unit = $99 per night
total cost per night $135
assuming a 55% occupancy rate = 90.75 rooms per night
fixed costs are equal in both scenarios, so they are not relevant
alternative A alternative B differential
not rent rent to bikers amount
rental revenue $19,057.50 $23,310 ($4,252.50)
per day
variable costs -$3,267 -$4,887 $1,620
total per night $15,790.50 $18,423 ($2,632.50)
x 3 nights $47,371.50 $55,269 ($7,897.50)
By not renting the rooms to the Biker Club, the hotel will be losing $7,897.50 during the 3 nights.
The allocation of fixed costs per night assumes that all the hotel rooms are being rented every night and that is not true, so the total cost per night is not a valid amount. They should allocate fixed costs based on the average occupancy rates per month.
he financial statements of Denison Furniture Company include the following items: 2019 2018 Cash $53,500 $53,000 Short-term Investments 29,000 15,000 Net Accounts Receivable 92,000 105,000 Merchandise Inventory 162,000 142,000 Total Assets 532,000 551,000 Total Current Liabilities 235,000 215,000 Long-term Note Payable 62,000 60,000 What is the 2019 cash ratio? (Round your answer to two decimal places)
Answers
Answer:
The cash ratio is calculated by dividing cash and short-term investments by current liabilities.
Cash ratio for 2019 = (53,500 + 29,000) / 235,000 = 0.39
Rounding to two decimal places, the 2019 cash ratio is 0.39.
Explanation:
F. B. C. E. D. INFORMATION: A . Extract from the books on 30 June 2021: . Fixed/Tangible assets (carrying value) Fixed deposit Morocco Bank · Ordinary share capital (1 July 2020) Retained income (1 July 2020) Bank (favourable) Loan: Helping Bank Trading stock Debtors' control Creditors control Income received in advance SARS Income tax (provisional payments) Dividends on ordinary shares (interim dividends) Share capital: The business has an authorised share capital of 6 000 000 shares 70% of the shares were in issue on 1 July 2020. 60 000 ordinary shares were repurchased from a disgruntled shareholder on 1 December 2020 The company paid R3,50 per share. This was paid and recorded on 1 December 2020. A final dividend of 22 cents per share was declared on 30 June 2021. Only shares in the share register qualify for final dividends. 380 000 3 150 000 874 000 250 700 302 400 478 000 317 000 239 800 6 600 390 000 630 000 The following adjustments have not been taken into account yet: Provision for bad debts is set at 5% of the outstanding debtors. Insurance included an annual premium of R31 800, paid for the period 1 October 2020 to 30 September 2021. The loan statement from Helping Bank reflected the following: Balance on 1 July 2020 Repayments during financial year (including interest) Interest capitalised Balance on 30 June 2021 R480 000 R177 600 R57 600 ? R40 000 of the loan will be paid back in the next financial year. Income tax for the year amounted to R408 800. This was calculated at 28% of the corrected net profit.
Answers
Bottum Corporation, a manufacturing Corporation, has provided data concerning its operations for May. The beginning balance in the raw materials account was $22,500 and the ending balance was $41,000. Raw materials purchases during the month totaled $68,000. Manufacturing overhead cost incurred during the month was $113,500, of which $2,500 consisted of raw materials classified as indirect materials. The direct materials cost for May was:
Answers
Answer:
the direct material cost is $47,000
Explanation:
The computation of the direct material cost is shown below:
= Opening balance + purchase made - indirect material - closing balance
= $22,500 + $68,000 - $2,500 - $41,000
= $47,000
hence, the direct material cost is $47,000
The same should be considered and relevant too
Sam and Devon agree to go into business together selling college-licensed clothing. According to the agreement, Sam will contribute inventory valued at $100,000 in return for 80 percent of the stock in the corporation. Samâs tax basis in the inventory is $60,000. Devon will receive 20 percent of the stock in return for providing accounting services to the corporation (these qualify as organizational expenditures). The accounting services are valued at $25,000.
Required:
a. What amount of income gain or loss does Sam realize on the formation of the corporation? What amount, if any, does he recognize?
b. What is Samâs tax basis in the stock he receives in return for his contribution of property to the corporation?
c. What amount of income, gain, or loss does Devon realize on the formation of the corporation? What amount, if any, does he recognize?
d. What is Devonâs tax basis in the stock he receives in return for his contribution of services to the corporation?
Answers
Based on Section 351, and the transactions between Sam and Devon, the following are true:
Income realized is $40,000 and income recognized is $0.Sam's tax basis is $60,000.Income realized is $25,000. Income recognized is $25,000.Devon's tax basis in the stock is $25,000.What income, gain or loss will be recognized and realized?The income realized will be:
= 100,000 - 60,000
= $40,000
Section 351 will not recognize a gain or loss.
What is Sam's tax basis?Based on the Carryover principle, Sam's basis in the inventory will remain the same at $60,000.
What is the Income, gain, or loss recognized by Devon?This will be the value of the accounting services of $25,000 because it is the fair value of the service.
What would be Devon's tax basis?This would be the income recognized of $25,000 which is what the accounting services are worth.
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The Container Store should ensure all of the following when setting sales goals, except:p
Answers
The Container Store should ensure all of the following when setting sales goals, except 2-The goals can be achieved with or without commitment.
What is sales goals?Sales goals can be described as the goal which is a targeted objectives thatcan be arrangd in different sets to help individual sales reps and sales teams stay organized as well as motivated.
It should be noted that the objectives do help the sales people to be , productive because it will help them to contribute to business growth howwever the commitment is very neccessary because it is needed to stay motivated as well as to stay focus.
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mising part;
1-The goals are challenging
2-The goals can be achieved with or without commitment.
3-The goals are attainable
4-The goals are observable
5-The goals are specific
3. There is lots of oil in the world. Would the price of oil increase or decrease in price? Why
Answers
A promissory note can best be described as __________., a. an interest-bearing IOU, b. a guarantee of a line of credit, c. a commitment to lend money to someone, d. a government-backed bond
Answers
A promissory note can best be described as: a. an interest-bearing IOU.
What is promissory note?Promissory note can be defined as a written note that help to shows that a person who lend a money from another person promise to payback. The note contains a promise by the borrower to pay back the lender within a stipulated period of time.
A promissory note can tend to be described as IOU which full meaning is I OWE YOU which implies that a borrower is telling the lender that he/she owe the lender some certain amount of money which the borrower will have to payback.
A promissory note also contains the terms and conditions of the agreement and this terms and agreement includes the following :
The principal amountThe loan maturity dateThe interest etcTherefore we can conclude that the correct option is A.
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function of financial system?
Answers
Answer:
A financial system functions as an intermediary and facilitates the flow of funds from the areas of surplus to the areas of deficit. It is a composition of various institutions, markets, regulations and laws, practices, money managers, analysts, transactions, and claims & liabilities.May 29, 2016
(can u flag me)
Economic theory assumes that people act rationally and maximize their total satisfaction. Explain this proposition and discuss whether people who spend 30 days a year commuting fulfil these assumptions.
Answers
Indeed, the proposition is that people act rationally and maximize their total satisfaction when making decisions.
What is rational behavior?Rational behavior is a decision-making process that results to optimal benefits or utility for the decision-maker. The assumption of rational behavior implies that decision-makers make choices to benefit them above the marginal costs of such decisions.
Thus, people who spend 30 days per year in commuting actually fulfill the rational assumption, because they derive maximum marginal benefits visa-a-vis commuting more or less than 30 days annually.
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Provide a full definition and explanation of MRP and its practical application.
Identify one large distributor such as Walmart, Costco, Sam’s Club, and one small distributor or mom-and-pop shop.
Explain the strategies utilized by a large distributor and a small distributor in context to an MRP.
Identify the variances and the requirements of an MRP.
Create a flowchart representing the acquisition of goods and products for both the large and small distributors
Answers
Material requirements planning (MRP) is a technique for determining the materials and components needed to manufacture a product.
It is divided into three key steps:
inventorying the available resources and components, deciding which extra ones are needed, and organizing for their manufacture or procurement.What type of MRP does Walmart employ?Wal-Mart mostly uses 3PL (Third Party Logistics), which assists with exception handling, supply chain integration, and other areas of products flow.
What are the goals of material requirements planning (MRP)?In terms of MRP, there are really just two fundamental goals that must be met. They are listed below.
1. Inventory levels have been reduced.
Your MRP system will examine what is required from suppliers and what can be stored in your warehouse, then optimize this so that you do not end up with extra stock.
2. On-time delivery
The MRP process will provide procurement and sourcing teams with the information they need to do their jobs effectively.
The MRP provides information to production teams to help them determine how much to produce, as well as vendors with the necessary supplies.
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January 4—Sold two ice cream systems to Day Dreamer’s Ice Cream. The estimated direct labor is $8,200.00. The estimated direct material is $3,350.00. The estimated indirect material is $350.00. Day Dreamer’s is to be billed in the amount of $20,925.00 on account. A check for $5,000.00 will be collected as a deposit against that sale. The start date will be January. The date promised will be January 23. Assign the contract to Job 74.
January 4th sold two ice cream systems to Day Dreamer's Ice Cream. THe estimated direct labor is $8,000.00. The estimated direct material is $2,250.00. The estimated indirect material is $350.00. Day Dreamers is to be billed in the amount of $20,925.00 on account. A check for $5,000.00 will be collected as a deposit against that sale. The start date will bew January 7th. The date Promised will be January 23rd.
January 19—Apply from direct materials requisition $2,800.00 of direct materials. Apply from indirect materials requisition $325.00 of indirect materials. Apply from time cards s $7,950.00 of direct labor to Job 74 completing the job.Applied factory overhead is based on 25% of direct labor cost. Transfer the completed job to the COGS account from Direct Material and Indirect Material and Factory Overhead accounts. When making the journal entry for applying direct labor debit COGS for the gross pay and credit FWT Payable and FICA Tax Payable for the appropriate amounts with the net pay going to Salaries Payable
what would all the monthly journal entries be?
Answers
When the job is completed, the costs incurred in the Work in Progress account will be transferred to the Finished Goods account.The following are the monthly journal entries:January 4, 20XX: Sold two ice cream systems to Day Dreamer's Ice Cream and the total amount billed on account is $20,925.00. Cash collected on account was $5,000.00.
To record sales on account:
Debit: Accounts Receivable: $20,925
Credit: Sales Revenue: $20,925
To record cash received on account
:Debit: Cash: $5,000
Credit: Accounts Receivable: $5,000
January 7, 20XX: Job 74 began and the direct and indirect materials are requisitioned and job order costs were incurred.
To record the beginning of the job, the following entry will be made:
Debit: Work in Progress: $5,800
Credit: Direct Materials: $2,250
Credit: Indirect Materials: $350
Credit: Direct Labor: $8,000
January 19, 20XX: Direct materials of $2,800 and indirect materials of $325 were used and direct labor costs were incurred amounting to $7,950.00.
To record the use of direct materials:
Debit: Work in Progress: $2,800
Credit: Direct Materials: $2,800
To record the use of indirect materials:Debit: Work in Progress: $325
Credit: Indirect Materials: $325To record the payroll expenses:
Debit: Work in Progress: $7,950
Credit: Salaries Payable: $6,137.50
Credit: FICA Taxes Payable: $612.50
Credit: Federal Withholding Taxes Payable: $200
Credit: State Withholding Taxes Payable: $1,000
To record the application of overhead:Debit: Work in Progress: $1,987.50
Credit: Manufacturing Overhead: $1,987.50.When the job is completed, the costs incurred in the Work in Progress account will be transferred to the Finished Goods account.
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The additional components of the marketing mix for marketing a service does not include which of the following?
people
process
popularity
physical environment
Answers
The marketing mix comprises four primary elements: product, price, promotion, and place. However, when marketing services, some additional components are added to the mix. These components are known as the 7Ps of marketing and include people, process, and physical evidence (or physical environment).
Popularity, on the other hand, is not a component of the marketing mix for services. Popularity can be considered a byproduct of the marketing efforts and how successful they are in promoting the service to the target audience. Popularity is a measure of how well a service is known or recognized in the market.
People: This component of the marketing mix is concerned with the people involved in the delivery of the service. These people include the employees, staff, and other personnel involved in providing the service to the customers. These people are critical to the success of the service and need to be trained, managed, and motivated to provide excellent service.
Process: This component of the marketing mix is concerned with the procedures and processes involved in the delivery of the service. The process should be designed to ensure that the service is delivered consistently and efficiently, meeting the needs and expectations of the customers. A well-designed process can enhance the customer experience and help in creating a positive perception of the service.
Physical Environment: This component of the marketing mix is concerned with the physical environment in which the service is delivered. This environment can include the ambiance, decor, lighting, and other factors that contribute to the customer experience.
A well-designed physical environment can enhance the customer experience and contribute to the success of the service.
Popularity: Popularity can be considered a byproduct of the marketing efforts and how successful they are in promoting the service to the target audience. Popularity is a measure of how well a service is known or recognized in the market.
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Identify and describe 5 reasons for the failure of Direct Marketing efforts. Provide the name of a company that you believe has failed and why.
Answers
The 5 reasons for the failure of Direct Marketing efforts are:
Targeting the wrong prospects.Seen customers like prospects. Much talk instead of engaging.Failing to test.Not doing follow-up.What is Direct marketing?Direct marketing can be regarded as a marketing that relies on direct communication as well as distribution to individual consumers.
This a kind of marketing whereby no third party such as mass media is required.
however, it is necessary to do follow up which is a common factor in much of direct marketing.
Hence, The 5 reasons for the failure of Direct Marketing efforts are:
Targeting the wrong prospects.Seen customers like prospects. Much talk instead of engaging.Failing to test.Learn more about Direct Marketing at;
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spirits of northern vale guide Me
Answers
what if they dont want to
MHhow is shortage of power supply affect the economy of South Africa
Answers
Answer:
The economic losses due to power interruptions are estimated to cost between one and five% of the GDP of countries across Sub-Saharan Africa. South Africa's GDP was forecast to grow less than one per cent last year, with the problems at Eskom being one of the main contributing factors.
Explanation:
Stepsis is doing laundry today, but the machine is not working, she crawls in and sees whats wrong, she fixes it but shes stuck, she calls StepBro.
What should StepBro do?
A. Call Jamal
B. Pull her out
C. Dice Roll Dance And Bunny Hop Dance
D. I like ya cut G her
Answers
Answer:
b or d
Explanation:
because pulling her out might get the problem done faster , but I like ya cut g her could resolve in even more action . um I go with d
Answer:
B
Explanation:
Be a decent human being boys
Total assets $800,000 $1,000,000Net sales 720,000 650,000Gross profit 352,000 320,000Net income 108,000 117,000Weighted average number of common shares outstanding 90,000 90,000Market price of common $42 $39The return on assets for 2022 is
Answers
Answer:
$5000
Explanation:
Branch Company, a building materials supplier, has $18,400,000 of notes payable due April 12, 2022. At December 31, 2021, Branch signed an agreement with First Bank to borrow up to $18,400,000 to refinance the notes on a long-term basis. The agreement specified that borrowings would not exceed 70% of the value of the collateral that Branch provided. At the date of issue of the December 31, 2021, financial statements, the value of Branch's collateral was $19,600,000. On its December 31, 2021, balance sheet, Branch should classify the notes as follows:
a. $18,400,000 of long-term liabilities.
b. $18,400,000 of current liabilities.
c. $3,680,000 long-term and $14,720,000 current liabilities.
d. $15,680,000 long-term and $2,720,000 current liabilities.
Answers
Answer:
The answer is "Choice d"
Explanation:
Please find the complete question in the attached file.
Follows are the calculation to this question:
The notes on payable= \(\$18,400,000\)
Calculating the Refinancing ability:
\(=\$ 19,600,000 \times 80\% \\\\ = \$ 19,600,000 \times \frac{80}{100} \\\\ = \$ 196,000 \times 80 \\\\ =\$15,680,000\)
The current liability= \(\$2,720,000\)
